Photo Credit: Swire Properties / Lifestyle Productions Group
Swire Properties, the developer of Reach and Rise Residences at Brickell City Centre, has announced that it has sold all units at both luxury condominium towers in Miami. ISG World was the exclusive brokerage for Reach and Rise Residences which are a mixed-use property of Brickell City Centre developed in 2014 and are the perfect embodiment of Brickell’s live-work-play lifestyle. The buildings reached 90% sold in March of 2021 with the remaining 10% sold by mid-May.
Photo Credit: Swire Properties / Lifestyle Productions Group
“Swire Properties is delighted to sell the remaining inventory of 81 units to respected investors KAR Properties and Fortune International Group, in a significant transaction that reflects their shared commitment to this outstanding product and belief in Brickell City Centre,” said Kieran Bowers, President of Swire Properties. “We are grateful for our sales team at ISG World for their role in this sell-out and thank them for their dedication to the development. Swire Properties will continue to invest in Brickell over the coming years and attention will now turn to the development of the remaining phases and parcels surrounding Brickell City Centre.”
Photo Credit: Swire Properties / Lifestyle Productions Group
Fortune Development Sales will lead efforts in selling the 81 units purchased. They along with KAR Properties has chosen to invest in Swire Properties as they believe in their residence’s prime location and elite quality. Though the units are sold, they will continue to be managed by KW Management who will provide residents with the vibrant and modern residential living environment they have come to expect.
Photo Credit: Swire Properties / Lifestyle Productions Group
“Brickell City Centre has enhanced Miami’s Brickell neighbourhood, bringing high-end retailers, global cuisine and entertainment to the community. As Miami’s global appeal and market demand rises, real estate continues to be a smart investment option,” says Edgardo Defortuna, President and CEO of Fortune International Group. “Our firm has had long-term success in the industry with a strong grasp on what is happening in the South Florida market. It is clear Swire Properties has developed a landmark destination for the community.”
